GOOD NEWS, business travelers! Keeping track of business
expenses while you're on the road just got easier, thanks to a
little help from the IRS.

Previously, businesspeople had to maintain receipts for travel
and entertainment expenses of $25 or more; now, the threshold has
been raised to $75. The change should allow business travelers to
ease up on the multitude of receipts they previously had to
amass-especially for low-budget items like food.

Business travelers must also deal with the burden of keeping
personal and business expenses separate. "People tend to cross
over these boundaries, and that's where it gets to be a lot of
work to try to keep track of it all," says Dave Juedes, a CPA
in Costa Mesa, California.

To further decrease the headaches associated with tracking
expenses, consider using a separate credit card for business
expenses so you can easily distinguish between your personal and
business charges.